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PSK vs. FLEH
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

PSK vs. FLEH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR ICE Preferred Securities ETF (PSK) and Franklin FTSE Europe Hedged ETF (FLEH). The values are adjusted to include any dividend payments, if applicable.

-2.00%0.00%2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
5.62%
0
PSK
FLEH

Returns By Period


PSK

YTD

8.18%

1M

-2.27%

6M

6.51%

1Y

13.45%

5Y (annualized)

1.05%

10Y (annualized)

3.50%

FLEH

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


PSKFLEH

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PSK vs. FLEH - Expense Ratio Comparison

PSK has a 0.45% expense ratio, which is higher than FLEH's 0.09% expense ratio.


PSK
SPDR ICE Preferred Securities ETF
Expense ratio chart for PSK: current value at 0.45% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.45%
Expense ratio chart for FLEH: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%

Correlation

-0.50.00.51.00.4

The correlation between PSK and FLEH is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Risk-Adjusted Performance

PSK vs. FLEH - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR ICE Preferred Securities ETF (PSK) and Franklin FTSE Europe Hedged ETF (FLEH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratio
The chart of Sharpe ratio for PSK, currently valued at 1.46, compared to the broader market0.002.004.001.460.77
The chart of Sortino ratio for PSK, currently valued at 2.07, compared to the broader market-2.000.002.004.006.008.0010.002.071.15
The chart of Omega ratio for PSK, currently valued at 1.27, compared to the broader market0.501.001.502.002.503.001.271.34
The chart of Calmar ratio for PSK, currently valued at 0.78, compared to the broader market0.005.0010.0015.000.780.86
The chart of Martin ratio for PSK, currently valued at 6.33, compared to the broader market0.0020.0040.0060.0080.00100.006.334.54
PSK
FLEH

Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
1.46
0.77
PSK
FLEH

Dividends

PSK vs. FLEH - Dividend Comparison

PSK's dividend yield for the trailing twelve months is around 6.28%, while FLEH has not paid dividends to shareholders.


TTM20232022202120202019201820172016201520142013
PSK
SPDR ICE Preferred Securities ETF
6.28%6.44%6.55%5.03%5.49%5.44%6.47%6.91%5.92%5.35%5.65%7.73%
FLEH
Franklin FTSE Europe Hedged ETF
3.68%3.25%1.84%3.03%1.94%6.06%12.17%0.07%0.00%0.00%0.00%0.00%

Drawdowns

PSK vs. FLEH - Drawdown Comparison


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-4.95%
-0.91%
PSK
FLEH

Volatility

PSK vs. FLEH - Volatility Comparison

SPDR ICE Preferred Securities ETF (PSK) has a higher volatility of 3.04% compared to Franklin FTSE Europe Hedged ETF (FLEH) at 0.00%. This indicates that PSK's price experiences larger fluctuations and is considered to be riskier than FLEH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%0.50%1.00%1.50%2.00%2.50%3.00%3.50%JuneJulyAugustSeptemberOctoberNovember
3.04%
0
PSK
FLEH